Investment Reports
Get to know the rationale behind great ideas for you to make sound long term investment decisions.
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Initiating Coverage:Affle India
Initiating Coverage:Affle India26 May 2020
Stocks covered (1)
We are initiating coverage on Affle Limited (Affle) with a BUY recommendation and a Target Price of Rs.1,888 which implies 23% upside from the current levels. -
Daily Fundamental View:26 May 2020
Daily Fundamental View:26 May 202026 May 2020
Stocks covered (5)
Asian markets are trading higher after reports that US biotech firm Novavax started the first human study of its experimental coronavirus vaccine; investors also took note of news that Japan announced lifting the state of emergency. Nikkei is trading higher by 2.18%, Shanghai is trading higher by 0. -
Pick of the Week:26 May 2020
Pick of the Week:26 May 202026 May 2020
Stocks covered (1)
Manappuram Finance (MGFL) is amongst the leading gold loan NBFCs in India and is well diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around 4,622 spread across the country. -
Daily Fundamental View:22 May 2020
Daily Fundamental View:22 May 202022 May 2020
Stocks covered (5)
Asian markets are trading lower tracking weak cues from Wall Street overnight. Nikkei is trading lower by 0.39%, Shanghai is trading lower by 1.15%, while Hang Seng is trading lower by 3.71% on reports that China is planning national security laws for Hong Kong. Indian indices are expected to open m -
Axis Alpha: KOTAK MAHINDRA BANK (BUY)
Axis Alpha: KOTAK MAHINDRA BANK (BUY)21 May 2020
Stocks covered (1)
We recommend a BUY on KOTAK MAHINDRA BANK with a Target Price of Rs 1,280, an upside of 9% from CMP of Rs.1,173 and Stop Loss Rs 1,110 -
Daily Fundamental View:21 May 2020
Daily Fundamental View:21 May 202021 May 2020
Stocks covered (5)
Asian markets are trading mixed as investors continue to assess reopening of economies amid the coronavirus pandemic. Nikkei is trading lower by 0.07%, Hang Seng is trading lower by 0.32% and Shanghai is trading higher by 0.03%. Indian indices are expected to open marginally lower while aviation sto -
Result Update:L & T Infotech
Result Update:L & T Infotech21 May 2020
Stocks covered (1)
L&T Infotech Ltd (LTI) reported strong broad based growth in Q4 FY20. Revenue stood at Rs. 3,012 crs up 21.2% YoY and 7.1% QoQ. Operating profit showed a growth of 19.1% QoQ at Rs. 648crs while operating margin stood strong at 19.2% showed a growth of 40 bps QoQ. -
Result Update:Gabriel India
Result Update:Gabriel India21 May 2020
Stocks covered (1)
Gabriel reported a relatively better Q4, with revenue down 17% at Rs425 cr (v/s expectation of 20% decline), Gross margins improved by 230 bps YoY on account of operational efficiencies -
Result Update:Bajaj Auto
Result Update:Bajaj Auto21 May 2020
Stocks covered (1)
Bajaj Auto reported a resilient Q4FY20, with all round beat. Revenues were down 8% (v/s expectation of 15%), Gross Margin was up 340 bps (YoY) on account of better product mix and favourable currency.